Market analysis & trends of waterfront homes
Now that we’ve finished up with the 1st quarter of 2009, it is a good opportunity to review what transpired during the first 90 days of 2009 for waterfront homes for the southeast valley, including Chandler, Gilbert, Tempe, Sun Lakes, and the Ahwatukee Foothills. The data is from the Arizona Regional MLS for waterfront property. I used waterfront information for the 1st quater 2008 , 4th quarter 2008, and 1st quarter 2009. I only used sales of single family homes.
Ocotillo Lakes amenities among the best
Besides having some of the most prestigious waterfront neighborhoods in the valley, the Ocotillo Lakes area of south Chandler ranks high in academic acheivement, and provides many family centered activities, and low crime rates compared to national standards and some of the lowest in Chandler.
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Lagos Vistoso in Chandler has over 170 Waterfront Homes
Lagos Vistoso, one of the newer waterfront communities in the east valley, was built by Pulte Homes between 2003 and 2005. With over 170 waterfront lots, the community has a high ratio of waterfront homes to total community homes at approximately 40%. Lagos Vistoso homes range in size from 1,300 sq.ft to over 3,100, and surround 13 separate bodies of water. The 202 Santan freeway is 4.5 miles to the north, and the Chandler Fashion Square Mall is less than 9 miles away.
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Chandler Lakefront Luxury Homes
For over a decade, the Ocotillo Lakes area in Chandler has been home to some of the most cherished Chandler subdivsions and waterfront homes. With such employers as Intel, Orbital, and Motorola and other semi-conductor companies, Ocotillo Lakes provides a short commute, highly rated schools and well manicured homesites. Ocotillo lakes includes 167 acres of interconnected lakes and waterfeatures.
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Hamilton Aquatic Center
Three times a week my son has swim practice as part of the Rio Salado Swim Club. Practices are long; 90 minutes in the water and when he’s done he’s looks like a raisin. But he’s getting some good exercise and not in front of the T.V.! Practices are held at the Hamilton Aquatic Center located right next to Hamilton High on Arizona Ave. It’s a perfect combination; a high caliber swimming program taking place at an Arizona Parks & Recreation Outstanding Facility Award recipient. The San Tan Sun newspaper has given it the “Best of South Chandler for Family Fun” award, so it’s definitely worth visiting. The facility includes 8 competition swim lanes, 2 water slides, two 1 meter diving boards, a zero depth play pool, SCS interactive water feature, water vortex and current river.
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One of the newer Chandler lakefront communities
Those who appreciate homes on larger lots and enhanced curb appeal with a great selection of single story and two story luxury waterfront homes must add Pinelake Estates to their itinerary. It is complemented by the Chandler city park that creates a gathering place where families can enjoy the playground, volleyball and basketball court.
Hamilton High School is less than a mile way and the 202 freeway is just 3 miles to the north. You won’t have to venture far with the recent addition of retail shopping at the intersection of Arizona Ave. and Ocotillo. The ever popular Chandler Fashion Center is a quick 7 miles away. The south Chandler area has become home to many high tech semi conductor companies including Intel which are major employers in the Phoenix area. Again proximity to work with a 3 mile commute from Pinelake Estates to Intel is extremely enticing.
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